1,820 Shares in DTE Energy Company $DTE Bought by 626 Financial LLC

626 Financial LLC bought a new position in shares of DTE Energy Company (NYSE:DTE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,820 shares of the utilities provider’s stock, valued at approximately $241,000.

Other institutional investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in DTE Energy during the first quarter valued at $25,000. Quintet Private Bank Europe S.A. bought a new position in DTE Energy during the second quarter valued at $25,000. Olde Wealth Management LLC bought a new position in DTE Energy during the first quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in DTE Energy during the first quarter valued at $28,000. Finally, SouthState Corp bought a new position in DTE Energy during the first quarter valued at $29,000. Institutional investors own 76.06% of the company’s stock.

Insider Buying and Selling at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the transaction, the vice president owned 4,153 shares of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the subject of several research reports. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Wells Fargo & Company initiated coverage on shares of DTE Energy in a research report on Monday. They set an “overweight” rating and a $157.00 price objective for the company. BMO Capital Markets increased their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.90.

DTE Energy Trading Down 1.4%

Shares of DTE opened at $139.68 on Wednesday. DTE Energy Company has a twelve month low of $115.59 and a twelve month high of $143.79. The company has a market cap of $29.00 billion, a P/E ratio of 20.10, a P/E/G ratio of 3.03 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The company’s fifty day simple moving average is $138.86 and its 200-day simple moving average is $136.62.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, analysts expect that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.